Bank Branch with Absolute NNN
For Sale
Contact for pricing
Pending
1833 N Atlantic Blvd, South Pasadena, CA 91030
Banking facility supported by a corporate-guaranteed lease with scheduled rent increases.
Property SizeContact for details
Days on Market142
Property Features for 1833 N Atlantic Blvd
General Information
Standard status
Pending
Property subtype
Retail
Listing Agency:
CBRE - South Bay
Listed By:
Patrick Wade · License #CA 01454690
Source:
Crexi
Added: Apr 12
Changed: Aug 30
Last Checked: Aug 30 at 6:08PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - South Bay
Investment Insights
Based on property information with market context.
The bank branch at 1833 N Atlantic Blvd serves as the South Pasadena location for Bank of the West. The property is offered with a new absolute NNN lease to be executed at closing, providing a defined lease structure and corporate guaranty. The initial term spans 10 years, with 10% rent increases scheduled every 5 years during the primary term and option periods.
The location sits along N Atlantic Boulevard and W Pine Street in Los Angeles County, where reported traffic volume reaches 59,000 CPD. The surrounding 5-mile area includes 690,563 residents, supporting the branch’s established customer base. Bank of the West is the identified tenant, and the lease structure is designed for ownership with limited landlord obligations.
The location sits along N Atlantic Boulevard and W Pine Street in Los Angeles County, where reported traffic volume reaches 59,000 CPD. The surrounding 5-mile area includes 690,563 residents, supporting the branch’s established customer base. Bank of the West is the identified tenant, and the lease structure is designed for ownership with limited landlord obligations.
Key Highlights
- New absolute NNN lease to be executed at closing
- 10‑year corporate‑guaranteed lease term
- 10% rent increases every 5 years during the primary term and option periods
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,068
Businesses Nearby
159k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 47%
Groceries 31%
Shops & Services 22%
In-N-Out Burger
Dining
74,750 visits/mo
0.1 miles
Ralphs
Groceries
49,006 visits/mo
0.1 miles
United Oil
Shops & Services
14,205 visits/mo
0.3 miles
Shell
Shops & Services
12,917 visits/mo
0.4 miles
7-Eleven
Shops & Services
8,341 visits/mo
0.1 miles
Demographics for 91030, CA
26,927
Population
11,040
Households
2.4
Avg Household Size
41
Median Age
73%
College-Educated
97%
High-School Grad
3.4 sq mi
ZIP Area
7,920
Density / Sq Mi
$128,105
Median Household Income
$79,571
Median Earnings
$2,218
Median Rent
$1,545,100
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bank - Banking facility supported by a corporate-guaranteed lease with scheduled rent increases.
Where is this bank located?
The property is located at 1833 N Atlantic Blvd South Pasadena, CA.
What are key features of this property?
This property features: New absolute NNN lease to be executed at closing; 10‑year corporate‑guaranteed lease term; 10% rent increases every 5 years during the primary term and option periods
